Singapore  Singapore

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Listing ID: 16064 Last Refreshed: 08/07/2019 Total Views: 842

Highly Profitable Gift Items Distributorship & Retail Biz for Sale ! Margin 60% !

Central Area

Asking Price: S$350,000
  • Premise Type N/A Premise Size 1539sqft
  • Monthly Rental S$27,000 Rental Desposit N/A
  • Revenue S$70,000 Cash Flow N/A
  • Gross Profit N/A Net Profit N/A
  • Stock N/A Liability N/A
  • Payable N/A Receivable N/A
  • FFE N/A Established N/A
  • Owner Role Full Time Staff N/A
  • * Revenue, Gross Profit, Net Profit, Cash Flow are based on Monthly average
Vincent Lim Bradford, Lim & Associates
Email Owner
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Reason For Sale

Retirement

Description

Call / Whatsapp Vincent @ 90670575 !!!

 

Rarely Available ! Founded in 30 years ago, this up-market European gift shop chain has hundreds of outlets

in more than 18 countries. A proud heir of popular arts and traditions, the brand cavorts with 21st century materials to create offbeat, contemporary objects that combine both tradition and technology. Each item is lovingly handcrafted with unique designer patterns, transforming everyday objects into magical gifts and playful companions to enliven the drudgery of routine lives !


Exclusive distributorship in Singapore, the company has two outlets (one in Orchard).


Monthly average sales is est. $70k with 60% + gross profit margin !


2018 est net profit is $200k and this year is going to increase drastically due to the major reduction in rent !


Currently the Orchard oultlet (1539 sqft) is paying a rent of $18 per sqft, the renewal rent starting from this year Nov 19, will drop to $12 per sqft, in other words a huge saving of almost $10k a month !!!


Asking Price $350k (excluding stock worth $160k and rental deposits). Very Reasonable !



Interested clients pls call Vincent @ 90670575 for a discussion and viewing. Thanks ! 




Disclaimer : All the financial figures in the advertisement are estimates been quoted by the Vendor of the business. Buyers have to exercise their own due diligence. Bradford, Lim & Associates is not liable for any misinterpretation or inaccuracy of the Vendor's financial data. The information in the advertisement is for your references only, and may have changed since we last updated.







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